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American Express High Yield Savings review
Best for: Amex cardholders who want savings in the same app.
American Express National Bank pays 3.20% with no minimums and no fees — a natural fit if you already live in the Amex app, since your savings sits alongside your cards.
How we make money (or don't): BidAsk currently has no affiliate relationships
with these banks and earns no commission if you open an account — the links below go directly
to each provider's own site, except the Marcus savings link, which is a personal referral link:
if you open a Marcus Online Savings Account through it, you earn an extra 1.00% APY for 3 months
(per Marcus's referral terms) and the site's publisher earns the same rate boost on his account.
See our full disclosure.
APY
3.20%
Minimum to open
$0
Minimum to earn APY
$0
Monthly fee
$0
FDIC insured
Yes
Rate note: Amex terms state "APY accurate as of 11/1/2026"; 3.20% confirmed by Fool and Banksparency (observed 10/30/2026).
Standout features
- Same-app convenience for existing Amex cardholders.
- No minimum balance, no monthly fees.
- FDIC-insured through American Express National Bank.
Honest drawbacks
- No checking account, ATM card, or branch access — savings only.
- 3.20% trails higher-yield picks in this table.
- Linking external accounts for transfers takes a few extra steps.
Open an account at American Express →
Link goes directly to American Express's own site. Rates verified November 2026. Banks change APYs without notice — confirm the current rate on the provider's site before opening an account.
Sources
- Amex high-yield savings (official) (checked Sep 2026)
- Motley Fool: Amex personal savings review (Sep 2026) (checked Sep 2026)
Keep comparing
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APY: 4.20%
Marcus Online Savings Account
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APY: 3.50%
Ally Online Savings Account
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APY: 3.20%
Capital One 360 Performance Savings
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APY: 3.20%
Barclays Online Savings
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APY: 3.20%